Daily chart: a massive breakdown of the lower Bollinger envelope was recorded at the end of yesterday’s trading session. This is a signal that the euro quotes will continue to decline. Meanwhile, the ADX indicator is still relatively far from the trend zone, which, as a rule, leads to a preliminary rollback of quotes.

Н4: several bars in a row outside the lower Bollinger envelope are a sign of a possible upward correction, which, generally, coincides with the expectation of an upward pullback on the daily chart. However, strong bearish ADX pressure is recorded here.

Н1: the nearest actual target of the decline is 1.1436. This is where the lower Bollinger band is now. Possible selling zone is 1.1511 (middle Bollinger line).

Conclusions: decline to 1.1436 and, possibly, to 1.1400. Previously, a rollback to 1.1511 is possible.
Trading decisions: selling to 1.1436 and 1.1400. The optimal entry zone is 1.1511.